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BRIEF-Seek Updates On FY18 Outlook and Announces FY19 outlook

Published 06/08/2018, 09:54 am
Updated 06/08/2018, 10:00 am
BRIEF-Seek Updates On FY18 Outlook and Announces FY19 outlook
SEK
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Aug 6 (Reuters) - Seek Ltd SEK.AX :

* IN FY18 RESULTS, CO WILL RECOGNISE A NON-CASH IMPAIRMENT CHARGE OF A$178M AGAINST CARRYING VALUE OF BRASIL ONLINE (BRAZIL) AND OCC (MEXICO)

* WILL RECOGNISE NET IMPACT OF THREE KEY SIGNIFICANT ITEMS OF A$142M, IN FY18 RESULTS

* IMPAIRMENT WILL BE DISCLOSED AS SIGNIFICANT ITEM, WILL HAVE NO IMPACT ON SEEK'S FUNDING COVENANTS OR DETERMINATION OF SEEK'S FINAL FY18 DIVIDEND

* PRELIM UNAUDITED FY18 REPORTED NPAT OF ABOUT A$230M BEFORE DEDUCTING INVESTMENTS IN EARLY STAGE GROWTH OPTIONS

* PRELIMINARY UNAUDITED FY18 REVENUE GROWTH GUIDANCE OF AROUND 24%

* SEES FY19 EBITDA GROWTH IN RANGE OF 5% TO 8%

* SEES FY19 PRELIMINARY OUTLOOK OF REVENUE GROWTH IN RANGE OF 16 TO 20%

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